- Total Parts Plus takes on majority investor ParkerGale Capital and combines with Source Intelligence to create a supply chain compliance leader.
Total Parts Plus, the leading provider of critical parts data for product environmental compliance and lifecycle management, announces its partnership with a new majority investor, ParkerGale Capital (ParkerGale). ParkerGale specializes in partnering with profitable founder-owned software companies to accelerate growth, develop innovative products, and build world-class management teams. As part of the partnership, TPP will join ParkerGale’s portfolio of companies and merge with Source Intelligence, the industry-leading SaaS company for supply chain compliance and transparency. Both TPP and Source Intelligence will retain their current staff and leadership teams under the guidance of new CEO Glenn Trout. Previously, Glenn was the Founder and CEO of VelocityEHS, the leader in Environmental Health & Safety (EHS) software.
For over 20 years, TPP has combined web tools, data, and managed research to provide a comprehensive solution for obsolescence management, REACH and RoHS, and Conflict Minerals compliance. The combination of TPP and Source Intelligence will give our customers access to one of the most expansive supplier networks and parts & compliance libraries in the industry. TPP’s data collection and validation services, along with Source Intelligence’s suite of software tools, provide a comprehensive solution for data analysis and compliance reporting.
Recommended AI News: Former Google Executive Dave Botkin Joins Fractal as Strategic Advisor
“Both Source Intelligence and TPP are very excited to be working together moving forward. Together, we have the resources and expertise to support our rapid growth, provide enhanced services to our customers, and combine our supplier networks to create one of the largest databases in the industry,” says Glenn Trout, who is joining the combined companies as Chief Executive Officer. “I’ve had the pleasure of working alongside the TPP team and have seen firsthand their passion and drive to provide customers with the highest quality environmental and product compliance data and expertise. Our vision is to leverage the strengths of both teams to make supply chain data management and compliance easy and accessible for both small and large enterprises.”
Recommended AI News: Integral Ad Science Announces New Appointments To Board of Directors
Devin Mathews, Partner at ParkerGale concludes on the new partnership and expanded resources, “We have known Glenn Trout for over a decade, and we’re thrilled to have him leading the combined team. Through our research, it was clear the combination of these two complementary companies could be powerful for companies struggling to stay on top of rapidly changing global regulatory requirements. We couldn’t be more excited to be partnering with Glenn and the team to bring these two growing companies together.”
Recommended AI News: Expereo Acquires Global Managed Internet Access Provider, Brodynt